Prospera Finance Latest Blogs
Rate cut to boost buyer sentiment, but not house prices
The Reserve Bank of Australia’s decision to cut the interest rate by 0.25 of a percentage point to 4.1 per cent will put a floor under house prices in the country’s two biggest housing markets, but is unlikely to spark a surge in prices, economists and property analysts say. Paul Bloxham, HSBC’s chief economist, said [...]
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Home loan demand rises as buyers ready for rate cut
Hopeful home buyers are preparing for lower interest rates as early as next week by arranging financing in larger numbers, with real estate agents hoping the Reserve Bank of Australia will unleash a surge in transactions after a slow start to the year. The number of mortgage applications, a forward-looking indicator, rose 2.7 per cent [...]
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Slowing Perth, Brisbane housing markets boost affordability hopes
Housing affordability could get a boost in coming months, with the Brisbane and possibly Perth markets likely to join Sydney, Melbourne and Canberra in a downturn that is expected to receive only a modest lift from interest rate cuts this year, economists say. The pressures from nearly three years of high interest rates and soaring [...]
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Westpac brings forward rate cut forecast
Following the release of new inflation data, another major bank has said it expects the central bank to start the easing cycle next month. Westpac Group (Westpac) has revised its cash rate call for February 2025, suggesting that the Reserve Bank of Australia (RBA) will now start the easing cycle following its meeting next month. [...]
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Home listings pile up in Sydney and Melbourne amid falling prices
Stock levels are piling up in parts of Sydney as more sellers come to market amid weak buyer demand. Peter Rae Sellers racing to beat the competition – in a falling market already padded by properties that failed to sell in spring last year – have pushed up the volume of residential listings in parts [...]
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Why your clients should refinance their mortgage in January
Experts reveal what makes this month an ideal time to explore refinancing options January presents a strong opportunity for Australian homeowners to refinance their mortgages, according to industry experts, as lenders are typically quieter but still eager to attract business. Historical data shows that January refinancing activity averages just 74% of the typical monthly loan [...]
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House prices tipped to rise 3pc in 2025
An auction in Dulwich Hill, Sydney. Interest rate cuts are likely to have the most impact on Sydney and Melbourne house prices. Steven Siewert Residential property prices could rise by just 3 per cent nationally in 2025, with anticipated rate cuts expected to revive a cooling market, according to property experts and economists surveyed by [...]
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The ‘Australian Dream’ is looking more like an apartment than a house
Toga’s Made Marrickville is one of Place Studio’s most notable projects. Australia is a country obsessed with property. The Great Australian Dream has long been of owning a house on the quintessential quarter-acre block, providing enough space for a front garden and backyard. Achieving the dream was a real possibility for most Australians in post-war [...]
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Best (and worst) housing markets of the year
The Notrella at 142 Wolseley Road, Point Piper, was this year’s top sale according to CoreLogic Units vastly outperformed houses this year and are on track to dominate in 2025 as demand soars for affordable homes amid high interest rates and surging values for freestanding homes, CoreLogic’s Best of the Best report shows. This year’s [...]
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